Applying SR and Candlesticks

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TM 20 period — 2. It can be used on any chart symbol eg. SR Forex and Futures Workshop.

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Forex Support and Resistance Strategy is such an amazing trading tool that spots possible swinging levels, market trends and potential trade opportunities all at a time. It is best to use at M15 and H1 charts and suitable for any currency pairs.

TM 20 period — 2. TM 30 period — 2. Trading rules SR Interpretation. Wait until an area of support is formed. Make sure that this support area is tested by the action of the price. Getting into buying when the trend indicators align: Wait until an area of resistance is formed. Make sure that this resistance area is tested by the action of the price.

Getting into selling when the trend indicators align: Profit target ratio 1. In the pictures SR Interpretation in action. Share your opinion, can help everyone to understand the forex strategy. Lhs Friday, 07 October Hi Jack, The colors are not set, so double click on the dynamic Zone area and the custom Indicator appears. Set the colors for this particular indicator. It can be used for Binary Options. The FEN Indicator is a timing indicator.

For example, if the market was bullish prior to the signal time, expect the market to reverse down and place a sell order. And if the market was bearish prior to the signal time, expect the market to reverse up and place a buy order. Usually, market tops and bottoms will form at or very near to the predicted times. The indicator can be used as a standalone trading strategy or it can be used to time exact entry and exit points in agreement with other indicators in your trading system.

We might know a market reversal is going to happen, but we don't know exactly WHEN. There are live FEN signals available on this forum. A DEMO version is available. Download the attachments below and install them like you would a typical indicator and DLL. In case you are unsure, here are the FEN Indicator installation instructions.

If you want all features unlocked, you will need to purchase the FULL version. The DEMO does not have an expiration date.

So take your time and experiment with it as much as you want. Here are the differences compared to the FULL version: Simply install the files as instructed and you are ready to use the indicator.

The DEMO cannot be back tested. If you try using the DEMO version on a locked time frame, you will get a message and the indicator will be removed from the chart.

It does not mean the DEMO does not work! Simply restart the indicator again on a supported TF. The DEMO version has restricted settings compared to the full version. The 'Reversal Candles' must be at least 2. Strength' must be at least 3. The ' Candles Back' cannot be more than If you try using restricted settings, the indicator will be removed from the chart and you will see a message.

Simply restart the indicator again and use supported settings. For the DEMO, the default settings are recommended. You must be logged in to the forum to download attachments. Otherwise, attachments are hidden! October 02, , Here is a recent example not included on the website. Many such examples are seen on a daily basis using this indicator. As you can see, the indicator displays a future time. Then the market reverses at that exact time!